Oshkosh Co. (NYSE:OSK) Given Average Recommendation of “Hold” by Brokerages

Oshkosh Co. (NYSE:OSKGet Rating) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $117.00.

OSK has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Oshkosh from $144.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, April 18th. Wells Fargo & Company lowered their price objective on shares of Oshkosh from $117.00 to $104.00 in a research report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Oshkosh from $136.00 to $119.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. StockNews.com initiated coverage on shares of Oshkosh in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Bank of America lowered shares of Oshkosh from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $103.00 to $92.00 in a research report on Friday, May 13th.

NYSE:OSK traded up $0.93 during mid-day trading on Wednesday, hitting $85.27. The stock had a trading volume of 861 shares, compared to its average volume of 458,327. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 0.54 and a beta of 1.36. The company has a 50 day simple moving average of $91.02 and a 200-day simple moving average of $103.36. Oshkosh has a 52 week low of $78.88 and a 52 week high of $126.39. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

Oshkosh (NYSE:OSKGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Oshkosh had a net margin of 3.84% and a return on equity of 7.63%. Oshkosh’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. As a group, equities research analysts anticipate that Oshkosh will post 5.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Friday, May 13th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. Oshkosh’s dividend payout ratio (DPR) is 33.41%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI bought a new stake in shares of Oshkosh in the 4th quarter worth $25,000. KRS Capital Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter worth about $35,000. HHM Wealth Advisors LLC purchased a new stake in shares of Oshkosh in the first quarter worth about $46,000. Steph & Co. purchased a new stake in Oshkosh during the fourth quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of Oshkosh by 214.4% during the first quarter. Eagle Bay Advisors LLC now owns 481 shares of the company’s stock valued at $49,000 after buying an additional 328 shares during the last quarter. Institutional investors and hedge funds own 94.89% of the company’s stock.

About Oshkosh (Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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